USDC

Unicorn0718

They said in another sub that they sent USDC on the wrong network

emelbard

Sounds like you sent the wrong kind of USDC or you sent it to the wrong chain. That can take years to fix - if ever.

bigdahualadka

Coinbase is most probably first place I'd check for straightforward transfer route , but etoro is also worth checking as another regulated option in France/EU. I'd just verify that the specific coins and wallet transfer functionally you need are available for French account before converting anything . I wouldn't swap everything into USDC first unless there's a specific reason to

Ill-Fly-2027

Most likely not the real ChangeNOW. You most likely got phisched or did on the wrong site. If ChangeNow was scamming people out of 3k USDC, im pretty sure it would be a bigger scandal. What you are not showing is where you initiated the transaction. Scam sites can look convincing and all their email ticket responses can appear it's coming from ChangeNow while it is not. Good luck to you!

Riflurk123

Might be true technically, but you also have to see it from a customer/user experience. I go to the store, tap my card and leave if the machine beeps. With Bitcoin, I always have to wait for 1 confirmation. I use them quite regularly to pay for stuff and I can tell you the times I had to wait for 1 hour made me absolutely mad. Unfortunately, not everyone accepts lightning. I basically resorted to USDC in those cases now

tenor_tymir

Either use Wise or an equivalent. Does Revolut work in both countries? Send the USD and that’s it. If you want the crypto route, I would not use BTC but a stable coin like USDC or USDT. Then cash out without taxes because it’s 1:1.

sc4rf4c3d

Have them buy and send you $20000 in USDC which you can cash out to USD on coinbase with the cost basis and sale value of $1 each (no tax).

LowerStranger9021

Bitcoin will not replace fiat money. Governments will not surrender control of monetary policy by giving up their currencies. If this is your basis for holding Bitcoin you need to do some research on the explosion of USDT and USDC. These two stablecoins have taken a significant amount of transactions activity away from Bitcoin.

clutchtho

Coinbase. USDC, no fees.

NorthAcanthisitta832

I’d agree with the first comment. Coinbase to buy, and then transfer it to a cold storage wallet (Tresor) costing approx €50 on Amazon. What i found tricky to understand when beginning was you can’t just buy Bitcoin with your cash once transferred to your Coinbase wallet. You first need to buy USDC and then you buy the Bitcoin with your USDC. Begin with small amounts until you get used to it. When using the exchange you can either buy at the spot (market price) or place a buy order for your target price to buy at. Equally you can place a sell order by setting a stop limit or target price. If unsure, take a pic and ask AI for help explaining the steps.

Mushroombasics

Is csprUSD really better than USDC or any other stablecoin? How do companies like payouts dot com make these picks?

klimauk

Sell whatever crypto you can and write it off as a loss. Transfer the USDT or USDC to your own wallet or another exchange — maybe Kraken, for example — and this time buy something more liquid and easier to trade.

LowerStranger9021

Current debt is in the hands of a creditor not the U.S. government. That is their liability that can’t be used by the U.S. to support a stablecoin. The current stable coins, like the USDC, are backed by an asset of the issuer. A US Tresury bond is a debt to the US government but an asset to the owner. The owners of this debt are using the treasury’s to support stablecoins. That said, new U.S. debt could conceivably be issued using a stablecoin rather than a bond. The market would have to accept the stablecoin is back by a promise to pay(exactly what currently backs fiat money).

DiamondHandsDarrell

Why not both? But seriously what's the purpose of alt coins? I've been in crypto since 2010 and I've learned a lot since then - and that's why I gave alt coins a try. But at the end of the day, BTC is the only one that makes sense to me. Almost anything alt coins can do, BTC could implement except rug pulls and centralization. Otherwise why not just use fiat or USDC?

Commercial_Cook100

For day to day stuff I've been using Gnosis Pay card... works ok for groceries and subscriptions, basically converts at point of sale. Not perfect tho, fees can sneak up on you. For travel specifically i started using Cypher eSIM to pay for mobile data with crypto directly, no card needed. kinda niche but if you travel a lot its one less thing going through a bank. also look into Holyheld, newer but decent for USDC spending

thebaldmaniac

It's only for new users for the first 14 days after joining. A max of 12 USDC to be earned!

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Post is by: One-Competition-7615 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vzagy8/best_crypto_payment_app_for_spending_usdt_and_usdc/ What are people actually using to spend USDT or USDC day to day? I’m looking for something simple that works from the phone, without cashing out to a bank first every time. Groceries, apps, subscriptions, travel, etc. Any crypto payment app that works well, thanks in advance! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

SnooBunnies7313

I was actually thinking about akin the same thing. initialyl I had this idea that have mineable coin, but instead of veriftying transaction the miners would supply gpu compute. After a while I thought maybe having a single token for this was kinda stupid. and just give USDC. in the end I could not solve how to verify if a provider/miner inference is proper without too much overhead btw, CME and ICE(not that one, but the other one) have both been working on gpu compute futures, so this could actually become a proper commodity market. personally i think this space is going to be exciting to watch the next months/years

Themoodyone17

The classic "headline rate vs enterprise wall" bait-and-switch is completely real, and it’s why a lot of B2B payment setups feel incredibly predatory. From what I’ve looked into regarding INXY Payments specifically, they seem to be one of the few that actually stick to a flat rate system. Their standard processing structure is pretty transparent; they charge a single transaction fee that stays below 1%, and they don't hide behind setup fees, recurring monthly software costs, or unexpected onboarding premiums. Where the price actually fluctuates for any gateway isn’t usually a hidden platform markup, but rather how you handle your liquidity on the back end. If you are keeping everything in stablecoins like USDC or USDT, your fee stays flat. The numbers only change if you are actively using their automated rails to off-ramp directly into a traditional EUR/USD bank account, since banking partners always add their own clearing spreads. It's definitely worth reaching out to their team for an upfront custom offer based on your specific vertical before handing over your KYB docs, but they are generally much cleaner on pricing than traditional processors.

Ramast

You can convert USDT/USDC to Bitcoin or PAXG (Gold) with one click

LiquidityCompass

Pretty big deal IMO. $6.7B in USDC now generates yield, with most flowing into HYPE buybacks. Basically a second buyback engine that grows with the platform. Hard not to like those tokenomics.

Significant_Phase467

Wrong. Your income = your cost basis, and your cost basis is not a capital gain. I still wouldn't take USDT as payment though. I'd taks maybe USDC over USDT anyday.

Stable_Clerk

I’m curious how you view the difference between USDC, EURC, etc. if you need to convert whichever underlying asset back to a local currency anyway?

kebabmuncher666

Hey, I'm stuck with USDC on Polygon and don't have gas. Can someone please send me 0.01 POL to open my wallet? My wallet: 0x39421E69DF4332f575732c69C2214591cf558774

kebabmuncher666

Hey, I'm stuck with USDC on Polygon and don't have gas. Can someone please send me 0.01 POL to open my wallet? My wallet: 0x39421E69DF4332f575732c69C2214591cf558774

AutoModerator

Post is by: Responsible_Gate6990 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/BASE/comments/1vy4eqa/we_built_a_savings_app_on_base_and_have_changed/ Not financial advice and not a recommendation to buy or hold anything - do your own research before making any financial decision. Disclosure: I am one of the cofounders of the app I describe below. No links in this post and nothing to sign up for. I am after an argument, not signups. What it is, factually and without any numbers: a European user funds an account in euro from their bank, it becomes USDC, and it gets routed across four Morpho vaults on Base. Non-custodial smart wallet, no lockup, no seed phrase for the user to hold. Two of the vaults are curated by Gauntlet, two by Steakhouse. The part I want torn apart is not the product. It is who it is for. Segment A, where we started: Italian professionals and business owners, 250k to 1M investable, already holding some crypto. It broke on two product facts, and neither of them is a messaging problem. First, the product is denominated in dollars, and someone with real assets measures return net of EUR/USD, so unhedged currency exposure reads as a return of unknown sign. Second, we are not a withholding agent, so the user files their own taxes on it, and someone who has an accountant reads that as work and risk rather than as a detail. Segment B, where we moved: young Italians living abroad. London, Berlin, Amsterdam, Dubai. Both blockers dissolve. They are not Italian tax residents, so that whole question belongs to somebody else's regime. And they already earn in something that is not the euro, so dollar denomination stops being a defect and becomes consistency. Cash piles up in the local account because after moving they never rebuilt any of the apparatus: no relationship with the local bank beyond the salary landing in it, no advisor, and whatever they had back home is awkward to use as a non-resident. Honest status: segment B rests on five or six warm conversations. That is exactly the amount of evidence segment A had in July, right before it fell apart. So I am aware I might be about to make the same mistake twice. Two questions for anyone who has shipped something consumer-facing on Base. Which of the two would you go after, and what would make you wrong? And the one I am least sure about: we hide the crypto. The user sees euro, an account, a balance. For those of you who have tried that, does hiding it buy you acquisition and cost you retention, or does it just work? I have heard both, stated confidently, by people who should know. If you think the answer is neither segment, I would rather hear that here than find out in six months. (English refined with an LLM - I am Italian. The thinking is mine.) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

AvailableSkin9261

The 1-week wait is the canonical ETH↔Arbitrum bridge, not Hyperliquid's deposit. If you're already on Arbitrum native USDC, the in-app HL deposit is usually the cheap path — just pick the landing (HyperCore margin vs HyperEVM). Those are not the same mailbox. From any other chain, naming one bridge is a guess. Across / Jumper / deBridge can all print the best or the worst quote on the same pair an hour later. I look at net out after every hop and whether minOut is actually set, so a dead route doesn't still eat gas. Parking on a CEX just to hop onto Arb is a different failure mode (geo-block / KYC freeze) than a reverted swap. If you need a no-account multi-chain swap first to get onto a chain that has a clean HL route: bitfork.app — not a CEX, homepage fee 0.3%. The 0 / 0.1 / 0.25 / 0.5% control is a tip, not a router fee. Same wallet also has perps on 100+ Hyperliquid markets; that's the trading side, not a deposit bridge.

QuietLedgerAcademy

The fastest and simplest way right now is using deBridge or Across. Both allow you to bridge USDC directly into your Hyperliquid balance from almost any chain (like Solana, Base, or Ethereum) in under a minute. Also, just to clear up the delay confusion: depositing directly through the Hyperliquid app using native USDC on Arbitrum takes only about two minutes. The one week wait you ran into is only for the native Arbitrum rollup bridge when withdrawing back to Ethereum mainnet. If you need to enter a position immediately, deBridge or Relay are easily the smoothest direct routes.

obedient_runoff

The official bridge from Arbitrum is the only direct route, anything else is just a UI wrapping the same settlement time. If you're in a rush, bridging USDC to Arbitrum first via a fast L1->L2 bridge, then depositing, is your play, but that week-long finality on the official bridge isn't skippable, it's built into the dispute window.

filenotfounderror

No because CB only offers USDC lemding, not BTC lending

R4ID

u have no ETH in ur wallet, you need Eth to send USDC (it is a very small amount for 1 transaction) go get like 1$ worth of ETH and deposit it into ur wallet. then ull be able to send ur USDC to whereever you want.

nyceria

You need to fund your wallet with ETH for gas to pay for transactions/sending Swap TETHER to USDC. Normally I wouldn’t suggest using your wallets native swap function but if you don’t know at all what you’re doing it’s probably the safest move. Send USDC to coinbase account and cash out.

Opposite_Eagle6323

You must sell USDC or USDT to USD. USDC and USDT are crypto tokens. I don't know about Coinbase but technically you have to sell them to fiat money aka real money.

Heated_Lime

Do not answer any DMs, as they are scams. Swap your USDT to USDC. Then you can send your USDC to Coinbase.

CourtneyHffs

I’d recommend Trust Wallet for a general-purpose mobile wallet. It supports many networks and assets, including BTC, ETH, SOL, XRP, USDT and USDC.

junkhead_7

>Crypto can survive without ETH, I'm not sure it can survive without BTC. God, I don't really know... the Ethereum blockchain was the first one hosting stablecoins, and I think the crypto space wouldn't be the same without USDT/USDC. So I don't really know if crypto could survive without ETH.

Grouchy-Notice-9951

idk it looks legit, i'd swap it for something more stable like USDC/USDT to really lock it in congrats if you're serious with this post though!

EvenStevens4201

I keep some USDC piled up just in case something like that happens, I’ll move it over

SAAGASolve

I have pretty strong feelings about that. For the stablecoins, as the commenter below said, USDC is used a lot for X402. That's Coinbase's way of injecting themselves into the ecosystem, so there's one problem with that. So the stablecoin, I think there's some very big risks in there. A stablecoin is backed by US Treasuries and the Fed is not allowed to make a stablecoin. So they're only allowing private institutions to make these stablecoins, and so basically you have to trust that they actually have the treasury there. Of course, nothing goes together better than fraud and Wall Street. So there's going to be a lot of cheating and inflation is really going to be supercharged by this setup, people will mint stable coins backed by nothing. An dyou get increased inflation of USD due to the increased velocity of USDC. Because when you have a stablecoin, there's nothing you can do. You can't really exchange it for part of that US Treasury. You can't redeem it. So what I think is going to be a stronger method is actually a Bitcoin-backed stablecoin. For example, you have Bitcoin, but then you make a taproot asset on top of that UTXO. And then what you get is you actually get a system where somebody can actually check what's behind it. So you could say, all right, let's take $100,000 of Bitcoin and we're going to collateralize $50,000 worth of these stablecoins. And if you have a stablecoin, it gets you $1 back of Bitcoin. You can see how much Bitcoin is backing that stablecoin, so it's just this financial derivative that protects you from the volatility if that is what you are looking for? I think that is something far more trustworthy than the stablecoin setup currently. And obviously the liquidity provider on the Bitcoin would take some fee. So if you wanted, say, $100 of stable coins, it would maybe charge you like $101, $102 for it. So that's where I kind of think stablecoins are just going to get wrecked because there's going to be so much fraud around those things. Another risk I forsee, is stable coins spreading around the world and getting into other less developed countries economies and causing a speculative attack. I think this is going to cause governments to dump their Treasuries to defend their currencies. That's a bit far fetched perhaps. But I think major consequences are coming from the stable coin policy.

schwifty--

It’s something like, 97% of agents are using USDC via x402.

Extension-Text1071

sounds like a region restriction thing not a you problem. binance has been weird with certain pairs in ukraine since the regulations changed, might be blocking the direct conversion on purpose try using the spot wallet not the funding wallet, sometimes the swap feature just doesnt show up depending where the trx is sitting. also check if you need to sell for BUSD or USDC first then convert to USDT instead of going straight for it if that still doesnt work you could send the trx to a non-custodial wallet and swap through a dex but then you lose a bit on fees. annoying but at least it gets the job done i had similar issue in poland last year where some pairs just grayed out for no clear reason, support took 4 days to reply and by then i just moved everything to another exchange

AlternativeWonder471

I use coinbase for that. Don't know if its the best way, but it's the cheapest I found. About 1% to get my crypto off exchange and dollars in my bank. Just make sure you use USDC and ETH network or you'll lose funds!

Traditional-Ebb-8380

I sold half my stash when it did and was keeping the USDC on Coinbase earning 3-5%…and then a hacker from Yemen cracked my Authenticator and stole it all a year ago.

ExtremeAromatic

bridging security remains a hurdle we still need to clear in cross chain tech, When I tried moving $4,500 in USDC across networks last month, two bridge transactions failed completely due to network congestion. Then I tried Stable.com completely smoothed out those liquidity headaches by letting me swap and off-ramp major stablecoins, I found it really helpful

Bmjslider

See, unlike you I don't have loyalties to any singular chain. On Sui I'm earning 33% on USDC as we speak. If you can point me to a location where I can earn as much on my USDC, I'll move. I don't ride sinking ships into the ground, I follow opportunity and read the rewards while they're available.

Chemical_Messiah80

Exactly this. The valleys and legendary peaks associated with BTC have more than cemented it as a strategic investment, rather than alt cash flow currency in the minds of most people I've encountered... at least for the time being. The writing is on the wall with worldwide digital currency becoming mainstream when considering things like USDC, but imo it's quite a ways off. Even with that, BTC will always have a branded pigeon hole to crawl out of.

Martymations

No, I just trade different cryptos and convert USDC to USD🤷‍♂️

Martymations

I don’t, I’m sure there is a simple way track it but keeping track of the cost gain/losses with the many transactions I make during the day would drive me insane. I just convert 1000 USDC to USD and transfer that to my bank.

Jayar9000

As many here will confirm: buy BTC and hold, buy more when you can. Expect a drop within days or weeks, don't panic this is normal market manipulation. It will go up again. Alternatively you can take some profit by converting part of your BTC into a stablecoin like USDC and hold it to buy back BTC when it eventually drops again. This is mentally harder to do because cycles are hard to predict and emotions get in the way.

Environmental_Load24

I think cross-chain infrastructure is necessary for mainstream DeFi, but bridges are still the weak point once you’re moving meaningful stablecoin volume. On that side, [Stable.com](http://Stable.com) is interesting because it handles USDT/USDC/PYUSD swaps and off-ramps non-custodially across 150+ markets with zero commission and gas fees, which removes a lot of the fee and chain-hopping friction.

JazzlikeDare9102

Not enough capital? Check the stablecoin supply. Over the last 48 hours, USDT and USDC exchange inflows hit multi-month highs. That is sidelined cash moving back onto exchanges.

Impossible_Hold9419

If you’re swapping into USDC first might be worth checking. It’s not just for spending bc you can also send crypto to a bank account, which avoids doing the full exchange loop every time

MyNameIzJeff69

About 2 years ago when transferring money to my girlfriend abroad prior to my move I noticed many platforms would accept crypto and it would substantially cut the cost of the transfer. I started to study the subject, learned about the coins and networks, various hot/cold wallets and basically just reading up on everything I came across. I didn't have any interest in the volatility of certain assets so for me stable coins were the go to. I started to stack and swap from exchanges to cold wallet and found a few nice tricks to minimize the cost of changing networks for certain stable coins and swapping between USDC and USDT. I managed to find a local exchange where my girlfriend could exchange the crypto for local currency and managed to save a substantial amount of money from the transfer fees some of the apps I was using charged. I not have a good routine between a cold wallet to stack and a hot wallet to convert and receive incoming coins from exhanges. I'm now abroad with my girlfriend and I can receive my salary, exchange it to crypto and when I have a substantial amount in my cold wallet I can visit the local exchange to swap my coins for the local currency. I now have started to stake some stable coins as I'm waiting to withdraw bigger amounts and I like the fact I can earn interest with it also instead of having it sleeping in a cold wallet. Crypto became a way for me to get money from point A to B with minimal cost by saving on banking and transfer fees. I enjoy the technology, the apps and everything about sending and receiving. It's like a fun computer game with your money.

TimmyXBT

That doesn't exist (yet). Just find a dex or aggregator (I like Relay for rates, SilentSwap for privacy if you're concerned with that), swap to USDC, then offramp the USDC for USD to your bank.

Wolffco

Coinbase supports reth. Send reth to your account, swap to USDC, then withdraw straight to your bank.

TookiePookie1

SOL, good upside, staking, and very fast when you want to lock profits instantly by turning SOL into USDC. nfa

Fortune_Donut7432

Swap it to USDC.

chainglance_cm

Definitely risky. USDT being pegged to USD makes it feel "safe," but it doesn't make it invincible. Remember Tether? If not, would suggest you to read up on it. Practically speaking, you should split across a couple stablecoins (USDT + USDC at least) and across chains too, if you want to be extra careful. If the headache of managing multiple stablecoins/chains is a concern for you, something like DeBank or Chain Glance helps keep track of it all in one view instead of checking five wallets. Ultimately, weigh in the risk of avoiding tax now to save some money against losing it all due to some random BS (happens a lot in crypto).

final_lionel

I trade in USDC. It has low fee, is allowed in EU and has no tax impact. For buying, I use USDC or EUR

daily-trader-365

USDC

ek_am

I'd say something like circle's USDC is probably better just because they're better regulated and audited since they're a public company. I would take some and put it into a HYSA app like Axal to earn yield on it too so your money is working for you. You could also buy BTC or Gold (axal has yield on these too) and if needed Eth/Sol/Hype for riskier investments.

Django_McFly

It's *a* risk, but too risky is up to the individual. I live in the US. USDT = my local currency but with more risk. I have to be getting good yield for it to make sense to go stables rather than dollars. If I lived in a country where the local currency was shitting the bed vs the dollar and I got paid in dollars, I might think differently about it. If you "diversify" into other stables, at best you're going into the one that depegged like a year and a half ago (USDC) or one that has been stable but has only been around for a year or two like USDS or USDE. If you're diversifying for safety, I don't know how much it helps to move your money into riskier assets.

Budget-Reception1305

Reasonable as a stopgap, risky as a long-term strategy. USDT tracks the dollar, but you're still exposed to counterparty risk (Tether's reserves/solvency), issuer/regulatory risk, and platform/custody risk — all concentrated in one asset. It's not the same as holding actual USD. Practical diversification: Split across stablecoins (USDT + USDC, maybe DAI) to reduce single-issuer risk Move a portion into actual USD (bank account abroad, or a fintech like Wise/Revolut if accessible Consider short-term T-bills or a USD money market fund if you have access Keep only working capital in hot/hardware wallets; rest in more boring, regulated instruments Not financial advice — but "100% in one stablecoin" trades currency risk for concentration risk, which isn't really solving the problem, just relocating it.

Ribhavmodi

Not advice, just my honest reaction, but concentrating almost all your savings in one stablecoin issuer is worth taking seriously regardless of which one it is. USDT specifically has a real history of scrutiny over its reserve composition and attestations, not saying it's about to collapse, it's been remarkably resilient through multiple stress tests, but "widely used" and "zero counterparty risk" aren't the same thing, and right now your entire savings rides on one company's claims about what backs the token. The simplest fix, and probably the one closest to what you're already doing tax-wise, is just splitting across a couple of reputable stablecoin issuers instead of one. USDC alongside USDT cuts single-issuer risk meaningfully without changing what you're actually holding in kind, still dollar-pegged, still not your local currency, so it likely doesn't change your tax situation any differently than holding USDT alone does, though I'd genuinely confirm that with someone who knows your specific country's rules rather than trust a Reddit comment on it. Slightly less obvious option, and disclosure since it's relevant, I work at Fensory, tokenized short term US treasuries are worth knowing about too. Same basic USD preservation goal you're already going for, but the thing backing it is US government debt rather than a private company's reserve claims, different risk profile than a stablecoin issuer, and it pays some yield on top instead of sitting flat. Important honest caveat though: moving into a genuinely different asset, not just another stablecoin, is much more likely to actually count as a taxable disposal event in a lot of jurisdictions, the same concern you already have about converting to local currency. So it might not sidestep your tax problem the way staying in USDT currently does, worth checking that specifically before assuming it does. Given it's your actual savings and it's a cross-border tax question on top of an investment one, I'd genuinely put this in front of an accountant who's dealt with crypto income before spreading anything around, that's a real conversation worth having with someone who knows your country's rules specifically, not something to fully resolve from strangers on Reddit.

chungkingexp

Mix coins => Swap new coins to Alts=> Swap alts to USDT/USDC.

Harfatum

One of my favorite products in crypto is Alchemix - either take self-repaying loans on your ETH or USDC collateral, or get paid (currently excellent) rates on fixed duration bonds that back the other side of the liquidity on the loans. Fully non-liquidatable except in the rare case of the underlying vault taking losses.

ExcellentRoutine6611

Yeah, that’s one of the reasons I think it’s a good investment. I get payments in USDC which I use to buy more Alpha. If you’re still thinking about it visit www.alphaarcade.com the project has a lot of potential.

TechCynical

They don't have to dawg why are we larping crypto 😭😭. This shit is public we can make lists of payment rails, suspected gateway addresses and general referral volume. USDC and the ETH ecosystem completely dominates on chain to real world purchase volume. You are living in a complete bubble if you think Litecoin is surpassing L2's with their stable coins for payments.

iamimproved

Lies, not when I am receiving 8+% APY on my USDC stables by leaving it in vaults on Solana. Which is way more than what any banks are willing to give.

junkhead_7

You can easily convert USDT to USDC in any decentralized bridge for something like a 0.2% fee.

Floor90

OKX offers a one-way conversion from USDT to USDC. Source: [https://www.blockchainstories.com/nieuws/okx-europe-helpt-gebruikers-usdt-om-te-zetten-naar-mica-compliant-usdc/](https://www.blockchainstories.com/nieuws/okx-europe-helpt-gebruikers-usdt-om-te-zetten-naar-mica-compliant-usdc/)

Additional-Durian966

Most European exchanges have moved away from USDT due to the MiCA stuff, so it's getting harder to find ones that still list it. Your best bet is probably converting to USDC first and then using whatever mainstream EU platform you want.

andreas_europe

Without a MiCa license your assets are under risk. You never know what comes next and suddenly over night your funds or the exchange maybe blocked and you can't access your funds.  Best alternative in Europe with enough liquidity is Kraken Pro and Coinbase Advanced - at least when you want to trade against USDC. If you trade only EUR pairs Bitvavo has good liquidity and if you only buy and hold, Bitpanda Fusion is also a solid choice.  All the best 

JamieMc23

Terms in this thread a newby would have to learn: - Metamask - ETH/Ethereum - USDT - ETH/USDT Pool - Block/Block Explorer - Cold Wallet - Unguessable String - Dexes - Transaction Hashes - Liquidity Pool - Slippage/Slippage Range - Trade Size Impact - Odos/Matchaswap/Llamaswap/Cowswap - Limited Routing - dApps - MEV Bots (squeezing) - Rango/Shapeshift - Wallet Connections - USDC - Route/Price/Fixed Fee - Swaps - Limit Order - CEX/DEX - Dedillama/Defi Swap Site - Dec Aggregator - Gas Fees - Route Swap - Built-in Defi Activity - Rubic Plugin - WETH - Rabby That's literally just this thread. I'm around crypto a long time without ever getting too into it and I wouldn't be 100% on a lot of that. There is literally no hope of mass adoption while it looks like this and while there's no safety net. You may understand it because you're deeply into it, but it's a mess. Again - I'm pro crypto.

Big_Comfortable4256

It can be cheaper to go from WETH to USDC.

Mr_Footies

Is it a crypto project 😂 It runs on Polygon, an Ethereum L2, and uses USDC for settlement.

Mr_Footies

Polymarket is literally on the Polygon blockchain and uses the USDC stablecoin. It’s a massive crypto success story. Recently Robinhood launch an Ethereum L2 using native ETH as gas. It’s already going billions in daily trading volume, successfully bootstrapping a new DEX from scratch. Crypto evolves.

Leather-Cod2129

I can’t convert to BTC. It says USDC or Euro only

Worldx22

BTC is lower than a year ago. Convert everything except BTC ETH and maybe SOL to USDC. Send to Kraken. Wait. That's if you don't need the cash now.

atiku13

Yes, it’s easier to convert all to USDC then just send to a supported exchange then withdraw, or do it straight to euros on binance. In my opinion, the movements you’d need to make back your 1k aren’t likely to come soon, so I’d just cut my loses and take the money out, rather than potentially lose a bit more, even if not much

Leather-Cod2129

Thanks a lot. Convert all to USDC even my BTC ETH etc. ? And whats the less stupid thing to do if i dont need those 265 euros now? convert all to BTC and wait for year? or i could loose even more? thanks

Scottex99

Binance doesn’t have a MiCa licence so can’t support EU based clients yep So open an exchange elsewhere, maybe kraken, CB or Swissborg Convert all to USDC on Binance and send to the new place (probably best to do a $10 test transfer first) Then once the coins are on the new exchange, you can flip back to BTC if you want to hold for a few years Or just convert to EUR and be done with it Or if binance lets you convert to EUR and withdraw to your bank, just do it that way and skip all the above

anon1971wtf

I think simply because they operate outside of Western jurisdications, so they don't have to. Unlike Circle. Occam's Razor. If USDC and others will take more share from Tether's private money market, I would expect them to do it purely for PR and investments

7chickenwings

This is not correct. A stablecoin **targets $1**. There still needs to be a counterparty on both sides of a trade, whether it's on a CEX or DEX. On a DEX, this is facilitated through AMMs and liquidity provided by LPs. The price you actually trade at is determined by MM, traders, and depth of available liquidity. The reserve helps anchor the price at 1:1, but its does not always mean an exact trade for $1 USDT = $1 USD! If it does, someone is eating the cost. In this case, some CEXs like Coinbase provide the opportunity to trade 1:1 to attract customers to use their platform. And if I'm trading on Binance, my execution depends on the liquidity availabe on Binance. Users are NOT automatically accessing the order books or liquidity sitting on Kraken or Coinbase or DEX! Have you tried selling USDC for $1.01? If buyers are willing to pay $1.01, your order can fill. OP is just confused because he thinks there is unlimited liquidity at exactly $1 and everyone is okay with selling and buying at $1 without profiting from a spread.

ChrisTheWeak

Brand recognition, it has existing value, and it's weathered the test of (some) time. The vast majority of cryptocurrencies fail. Either just a rugpull, or otherwise lose all evaluation immediately. Bitcoin doesn't really have anything special to it, but other coins that don't have something extra to them will have a hard time competing with it just because it's already established and people are already using it. Other coins can succeed, but only have a good shot if you add something new. Ethereum went for proof of stake algorithm which means it doesn't consume vast amounts of energy like Bitcoin. Pearl is trying for a proof of useful work for their algorithm. Monero XMR is built around privacy, every transaction is meant to be untraceable, unlike other coins where every transaction is visible to the whole world. USDC which is a coin that is pegged to the US dollar. Currencies are one of those things where having a universal standard makes life much more convenient because conversions make things difficult, so competition is not encouraged, and jumping between coins is a hassle. So overtime the number of widely used coins will trend to a bunch of new small ones, a handful of old ones with a small cult following, and a few big ones that stand the test of time. That's my hunch anyway.

OkBarracuda4416

the wallet should display what one USDC token is actually worth maybe?

NateNate60

You keep trying to explain shit that doesn't matter and then ignoring the actual point. As of writing, the bid price on Binance for USDC is 0.99999. The bid price on Kraken is 0.9999. There is a difference of 0.00009 USD between these two prices. As of writing, the bid price on Binance for USDT is 0.99904. On Kraken, it is 0.99886. On Coinbase, it is 0.99882. What should the wallet display? How can you justify whatever number you end up choosing in a way that ensures it is more meaningful than just putting a 1 and declaring that to be accurate to 2 sig figs?

7chickenwings

Why would Kraken or Binance prices be the same as what your wallet is showing? The USDC/USD pairs for Kraken has nothing to do with the value you're getting from a wallet exchange. If you're using Metamask for example it does not take the prices from Kraken or Binance. Lol.

NateNate60

I don't have a bot, so I don't know who you're talking to. But since you clearly just assumed you're right without actually checking the charts, I have included below the USDC/USD pairs at both Kraken and Binance. https://preview.redd.it/3rtbt5wx4ejh1.png?width=1938&format=png&auto=webp&s=aa03016f1b01ae63518851879178dba021de8afc Don't forget, Coinbase doesn't have a chart because USDC is always exactly 1 on Coinbase. So, my friend. You have the information now. What number should the wallet display for the "true value" of USDC? Kraken's 0.9999? Or Binance's 1.00000? Or perhaps we split the difference at 0.99995? Are you seriously arguing that these numbers are meaningful at all?

NateNate60

The 1.001 that your wallet shows you isn't the "exact value". In fact, it's faker than showing just 1. Try looking on any two exchanges and try to correlate the prices for a stablecoins like USDC or USDT between them. Unless there's a depeg, there really isn't. The price fluctuates at random. So any attempt to pin down any one of these as the "true price" is meaningless.

foxyevolution

Those rounding errors cost you a lot unless you have very little invested. Wait till you swap between USDC and USDT and the difference in value is $1k.

NateNate60

This is a nonsensical thing to say about the major stablecoins. Pretty much all except USDT allow people to redeem them for USD on demand, so the "0.02% of $1" benchmark is only to check against depegging. Otherwise, they're all liquid to whatever amount matters to the user, unless you have a substantial portion of the circulating supply, literal tens of millions, which could overwhelm the automated redemption mechanisms. For example, I can redeem any amount of USDC through Coinbase for exactly 1 USD any time I like. I can redeem 1 PYUSD through PayPal for 1 USD any time I like. I can redeem 1 USDG through Kraken for 1 USD any time I like. So as long as this is true, it's not unreasonable for wallets to display them as exactly 1 USD. If it is not true, then the price would fall outside of that 0.02% band.

snek-jazz

Not on /r/buttcoin it hasn't been. You could be banned for even suggesting the idea that they might be fully backed. They used this conspiracty theory as a cope that the price of bitcoin is not *real* to the extent that automod spams this comment on any thread Tether is mentioned in, hilariously even the one today about this audit: >< Please note that as of the writing of this rule, there's insufficient evidence that Tether, USDT, USDC have submitted to a proper, formal, independent audit. As such, it's misleading to call their attestations an "audit." > Please change any reference from audit to "audit" (in quotes) or better yet, refer to its proper term: an "attestation." > When dealing with promises of stablecoins being "1:1 backed" with reserves, there's an industry standard way to verify those claims. None of the major players in the industry have submitted to the industry standard method of confirming reserves, and have instead tried to pass off inconclusive "attestations" as audits. Also the last part is a flat out lie, since Circle is a US public company meaning it must undergo the highest form of auditing. The critics have been lying and arguing in bad faith, and what you'll see next is the goalposts move to "audits don't matter" or aren't enough.

Babad00k123

There is only a handful of crypto you can touch. BTC, XMR and maybe USDC/PayPalUSD - not sure what the point would be to hold a stablecoin though. Thats it. Sell the rest and lick your wounds.

kshucker

Listen, I mined Helium very very very early on in the project. I know it gets shit on nowadays but I have not been involved in it for a while. I had a lot of HNT when it was worthless and then the price exploded. I ended up having a lot of fucking USD value that I decided to convert to USDC. The dilemma I ran into was that each mining device (hotspot) is publicly viewable on a map that shows the owners of the device public blockchain address. You can easily pin down what building was tied to a certain wallet. Never crossed my mind when I first got involved because I never thought I’d end up with the sort of USD value I actually ended up with. Sure, you can try and move crypto around wallets to try and throw people off that know how to read explorers but it’s impossible to completely cover your tracks unless you use something like tornado cash. Long story short, I’ve done my best to properly secure myself physically at the time. Helium has been out of the spot light for some time now and the news around how controversial it was has died too. I’m not going to give specific numbers but I went from hundreds of dollars to a very life changing amount in a short time. Call it dumb luck to get into something like it but I did

TimmyXBT

A few. USDC, USDT, ETH, and WBTC can be deployed to a v1 yearn vault and yvvbUSDC, yvvbUSDT, etc to be used as collateral. Theres also weETH and LBTC as collateral for those native staking protocols. Pretty sure that it currently, but you can check out Morpho for all the markets offered on Katana

Kazzle87

so we have USDC as the "westen USD crypto token" and USDT as the "eastern USD crypto token"? weird but ok. defi connects both worlds.

Current-Champion7572

To buy bitcoin people are generally going to deposit from their legacy bank accounts, which will arrive in their crypto exchange as a stablecoin (e.g. a deposit into Coinbase will show up in the account as USDC by default). And then if they go to sell their BTC, they’re likely swapping right back into that stablecoin. So by promoting/pushing BTC, the on-ramp (stablecoins aka US debt) are being purchased more and more.

chainglance_cm

Yeah the account lock/verification freeze thing is the real risk with most of these, way more than fees honestly. A few thoughts: * SEPA/ACH direct integrations (not through a crypto off-ramp) tend to be more reliable than card-based on/off ramps since cards trigger way more fraud flags * multi-country consulting income is exactly the profile that gets flagged for "unusual activity" reviews on a lot of these platforms, so having 2 separate gateways as backup is probably a good idea. * worth checking if your clients would be ok paying into a stablecoin invoice directly (USDC/USDT) and you handle the off-ramp yourself on your end, rather than routing everything through one payment processor's ramp. Gives you more control and isn't dependent on their uptime/verification process Also whatever you pick, test it with a small transaction from each client country before routing real invoice money through it. These platforms behave very differently by region even when they claim global coverage.

CheetahDazzling644

Right now we are using Shopify and it accepts only USDC not direct bitcoin. Are you annoyed if you have to switch your BTC to USDc to buy online? Or would you prefer to send BTC yourself?